Dipak Golechha - 13 Dec 2023 Form 4 Insider Report for Palo Alto Networks Inc (PANW)

Role: EVP, Chief Financial Officer
Signature: /s/ Elizabeth Villalobos, Attorney-in-Fact for Dipak Golechha
Issuer symbol: PANW
Transactions as of: 13 Dec 2023
Net transactions value: -$762,600
Form type: 4
Filing time: 13 Dec 2023, 17:31:43 UTC
Previous filing: 23 Oct 2023
Next filing: 20 Dec 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PANW	Common Stock	Sale	$762,600	-2,500	-3.3%	$305.04	74,171	13 Dec 2023	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 13, 2023.